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20121202
20121210
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CNBC 3
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Search Results 0 to 2 of about 3
CNBC
Dec 5, 2012 6:00am EST
shopping season is going so far. we know that those november retail sales reflected sandy and some other one-time issues. what do you think really is happening behind the scenes in terms of what's happening for holiday shopping? >> well, i think it's the same story every year. the promotions start early, black friday's always a big weekend, this year was no different, and it depends on who you listen to nrf was very optimistic about the estimates, gallup was not so much, and then the sandy-related numbers. there are clear winners and losers here. it's the sandy blameathon, clearly, but some of the winners and losers walmart and limited. >> walmart and limited. who do you think is in trouble. we saw gap shares down by 7%. is that a reflection of the dividend they won't be paying or the special dividend. is there something more with what's going on with stores there? >> well, i think everybody's nervous now, certainly. again, after you saw the tough numbers in november, the question is, do retailers get nervous? do they press the pedal in terms of more and more promotions? gap yesterday wa
CNBC
Dec 3, 2012 6:00am EST
here, sandy was terrible. that will subtract from growth. we also have the little twinkie strike which is something that everybody's worried about, so that will subtract. so when you net all those things out, you'll probably get a number closer to 90,000. but when you net those things out, you know in future months you'll get more growth. 2 pch 2.7, a lot was inventory based. so economic growth probably gets weaker. but as the rebuilding takes prar place, the strike resolved, no jobs no doubt. >> so in the meantime we go back above 8%? >> i think there's a chance that you can touch 8%, but i think you'll stay somewhere near the 8% range. >> if you had to make a prediction like i did, i had to make a prediction for where unemployment would be a year from now. i said somewhere in the 7s. >> i think by the end of next year you'll get a near somewhere in the neighborhood of 7.4, 7.5. still in the 7s. because again, we are going to glow next year something close to 2% and probably a little bit below that. that's not consistent with a huge deceleration of the unemployment rate. >> unless the
CNBC
Dec 7, 2012 3:00pm EST
actually have printed over 200 absent hurricane sandy. i would argue the trends is getting better. as jim pointed out, we need some clarity on the outlook, and the cliff is very important. if we go off the cliff, even if that number had been 250, the numbers still would weaken next year. >> jim, you have to make money in the meantime. where do you put your money? where are you putting money to work right now? >> well, i'm pessimistic. i share austin's view that i think we're going to go off the cliff and push this thing to february with the debt ceiling bill. as that reality comes in, the market is going to continue to struggle. i would avoid risky assets right now. i'd play something safe. play treasuries because you're not going to lose money on them. i'd play gold. i wouldn't be betting on that we're going to have a fix in place in the next 24 days that's going to lead to a big rebounds. >> all right. hang on one second, guys. we want to bring in and get your reaction to this rather surprising story that our phil lebeau has from illinois. you're finding a company that can't find people
Search Results 0 to 2 of about 3